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coming up i'll speak with one activist who wants to democratize our local economies and most show you how. the continuing inconsistent rise of china beat the clearing district to fly zones or a critical view on the subject of buying u.s. dollar did in fact it would appear that china is tearing a page from washington's playbook to make rules to its geopolitical interests. fact that it's. over. did you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy correct albus. role. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across several we've been hijacked why handful of transnational corporations will profit by destroying what our founding fathers once built up my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem trying rational debate and a real discussion critical issues facing america to find a job ready to join the movement then walk away from the b
coming up i'll speak with one activist who wants to democratize our local economies and most show you how. the continuing inconsistent rise of china beat the clearing district to fly zones or a critical view on the subject of buying u.s. dollar did in fact it would appear that china is tearing a page from washington's playbook to make rules to its geopolitical interests. fact that it's. over. did you know the price is the only industry specifically mentioned in the constitution and. that's...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser reports on our. system. of a. with wealth inequality in america an all time high and congressional approval ratings are an all time low it's no wonder why people are worried about the future of this country today money not only means power it means political speech and the more wealth of the consolidated at the top the less people feel they have the power to change the system by the wealthy and powerful interests working to get the people all the time there are still plenty of steps we can take right now right here to democratize our local economies here to break down what exactly those depths armed i'm a professor of political economy the university of maryland gar al pair of it thank you so much for coming on alex i already are sorry i'm sorry you're used to research foreign policy and starting with a world war two all the way to vietnam kind of analyzing the u.s. empire crimes what inspired. your switch to domestic economics well
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser reports on our. system. of a. with wealth inequality in america an all time high and congressional approval ratings are an all time low it's no wonder why people are worried about the future of this country today money not only means power it means political speech and the more wealth of the consolidated at the top the less people feel they...
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Dec 4, 2013
12/13
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has hurt public confidence in this president, and public confidence has also dropped as far as the economy is concerned. the president has a major economic speech tomorrow. tell us about it. >> reporter: well, first of all one of the things that drove the president over the three weeks, democrats on capitol hill, excuse the expression, they're freaking out. the polls came out of nowhere to upset everybody, why? because he changed his focus to the shortcomings of the website and the issues of obamacare at large. but the president tomorrow will weave all that have in, the affordable care act, into a larger theme that he has been talking about for quite some time and he hit it in the state of the union just this year, and that is income disparity in the united states. he'll focus on that as the problem. we're very familiar with the statistics, the income of the upper 1% in the country tripled over the last 20 to 3503 years meanwhile the middle class saw their income grow at a snail's pace of 1% over that same time period. he'll talk about minimum wage. he'll look forward to it rise to $9. in
has hurt public confidence in this president, and public confidence has also dropped as far as the economy is concerned. the president has a major economic speech tomorrow. tell us about it. >> reporter: well, first of all one of the things that drove the president over the three weeks, democrats on capitol hill, excuse the expression, they're freaking out. the polls came out of nowhere to upset everybody, why? because he changed his focus to the shortcomings of the website and the issues...
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Dec 6, 2013
12/13
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economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial will be held in johannesberg. his body will lay in state for three days. the memorial's culminate with a state funeral. finally, mandela will be buried on sunday december 15th. >> reporter: tributes are being paid and prayers made for the icon. and now the world can officially say good-bye to nelsonela on december 10th which will be the official memorial service. and then for the following three days his remains will lay in state. but before then south africans will have a chance to remember the man who change lives forever. >> we have declared the 8th of december as a national day of pr
economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial...
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Dec 5, 2013
12/13
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the republicans continue to focus on strengthening the economy for middle class families. that's why we passed nearly 150 bills many of them will help our economy, they are still sitting in the united states senate. so you hear a difference, how republicans approach things and democrats approach things. he also used his time to rail against obama-care, the federal healthcare law, he says that's one of the other priorities that and getting the economy going less so than working on the unemployment benefit issue. >> and torment, the labor department releases the november employment numbers. stick with al jazeera america for full coverage of that important report. some fast food workers are striking in more than 100 cities. they are demanding an increase in the minimum wage, and pushing to make it easier to unionize. many are asking for $15 an hour. that's nearly twice as much as the average worker earned. raising the minimum wage will not hurt jobs. fast food chains already have a wage increase would drive up the prices. that is by far the hirest in the country. tonya mosley
the republicans continue to focus on strengthening the economy for middle class families. that's why we passed nearly 150 bills many of them will help our economy, they are still sitting in the united states senate. so you hear a difference, how republicans approach things and democrats approach things. he also used his time to rail against obama-care, the federal healthcare law, he says that's one of the other priorities that and getting the economy going less so than working on the...
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Dec 3, 2013
12/13
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economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the markets in weakness in the financial today. to bob pisani at the big board. >> hello there. and here's what i'm seeing today and a lot of people have been asking the start of something. i don't see a big start, but i do see a little bit of signs of concerns. put up the full screen. the european close was poor today. had a great run in europe the last couple months. starting to fall apart. brent poor, two to one event declining. buyer interest, how much do you buy at the bottom? nonexistent today. the dow, we've been down t
economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the...
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Dec 5, 2013
12/13
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restaurant owners however says they can't raise pay due to weakness in the economy. chuck coppola - picks up the story with more on wage equality.. fast-food workers and others who want their minimum wage jobs to pay more are planning a nationwide strike today. it coincides with our cover story's look at the push to help more americans find jobs that pay enough to support a family. the year-long push for higher wages is gaining support---from san francisco which raised its minimum to 10-55 an hour. to the d.c. council, which is about to send an 11-50 minimum wage bill to washington d.c.'s mayor. wednesday, president obama called income inequality "the defining challenge of our time." "we've got to move beyond the false notion that this is an issue exclusively of minority concern. and we have to reject a politics that suggests any effort to address it in a meaningful way somehow pits the interest of a deserving middle class against those of an underserving poor in search of handouts." while the president spoke, u.s. labor secretary thomas perez toured chicago-based re
restaurant owners however says they can't raise pay due to weakness in the economy. chuck coppola - picks up the story with more on wage equality.. fast-food workers and others who want their minimum wage jobs to pay more are planning a nationwide strike today. it coincides with our cover story's look at the push to help more americans find jobs that pay enough to support a family. the year-long push for higher wages is gaining support---from san francisco which raised its minimum to 10-55 an...
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the next decade or so thanks in large part to the destruction of labor unions in the private sector economy by the one nine hundred ninety s. there was an average of only thirty five work stoppages every year and in recent years there's hardly been any in two thousand and nine there were just five stoppages and here we are today looking at two in just the last week and this is indicative of a larger trend we've seen over the last two years as not just fast food workers have repeatedly walked off the job along with wal-mart workers but also teachers in chicago poor workers in baltimore truckers in oakland slow but steady we're seeing the reemergence of the confrontational labor class this chart showing massive downfall and large labor actions it's actually trending up. which is what you would expect given the current economic situation in america given the historical in destructive levels of wealth inequality where and as a percentage of g.d.p. corporate profits have never been higher and workers' wages have never been lower and the low wage industry is now becoming the foundation of our new
the next decade or so thanks in large part to the destruction of labor unions in the private sector economy by the one nine hundred ninety s. there was an average of only thirty five work stoppages every year and in recent years there's hardly been any in two thousand and nine there were just five stoppages and here we are today looking at two in just the last week and this is indicative of a larger trend we've seen over the last two years as not just fast food workers have repeatedly walked...
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coming up i'll speak with one activist who wants to democratize our local economies and most show you how. to get a quote for you. today where it's a story. because this guy like you would save your stead of working for the people most issues the biggest reason we're right on stage. is. we're in the bedroom. i think. everybody. did you know the price is the only industry specifically mention of the constitution in chicago that's because a free and open press is critical to our democracy trade albus. in fact the single biggest threat facing our nation today is the corporate takeover of our government and oppressive like oh we've been a hydrogen why a handful of transnational corporations that will profit by destroying what our founding fathers but once told us my job market and on this show we reveal the big picture of what's actually going on in the world if we go beyond identifying the problem to try to fix rational debate and a real discussion critical issues facing america if i ever feel ready to join the movement then welcome to the big picture. with wealth inequality in america a
coming up i'll speak with one activist who wants to democratize our local economies and most show you how. to get a quote for you. today where it's a story. because this guy like you would save your stead of working for the people most issues the biggest reason we're right on stage. is. we're in the bedroom. i think. everybody. did you know the price is the only industry specifically mention of the constitution in chicago that's because a free and open press is critical to our democracy trade...
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Dec 2, 2013
12/13
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i think they've built the market on artificial economy. i think that they have done a lot of things. we still don't have growth and we still don't have jobs. we'll see on friday if the jobs come back but we really have no real growth. earnings has been a morage because we've only made money on companies that have cut costs and not on real top line earnings growth. we're not seeing the revenue growth. > >i'd like to also ask you about bitcoins. they have hit a new record..would you buy? > >i think bitcoin right now is an illiquid currency. that is really used more in the black market. bitcoin at some time could become viable. but here you just have really the gamblers and the people trying to hide money hoping that bitcoin is the item for them. > >one last one. we just came back from a lot of driving. gas prices were pretty low. what do you think about oil? > >i think we've got a glut in oil in this country. we are now a net exporter of oil. now iran is trying to make a treaty with us here. so i think gas prices continue to go lower as does
i think they've built the market on artificial economy. i think that they have done a lot of things. we still don't have growth and we still don't have jobs. we'll see on friday if the jobs come back but we really have no real growth. earnings has been a morage because we've only made money on companies that have cut costs and not on real top line earnings growth. we're not seeing the revenue growth. > >i'd like to also ask you about bitcoins. they have hit a new record..would you buy?...
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Dec 4, 2013
12/13
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it will be good for our economy. it will be good for our families. [ applause ] number four, as i alluded to earlier, we still need targeted programs for the communities and workers that have been hit hardest by economic change in the great recession. these communities are no longer limited to the inner city. they're found in neighborhoods hammered by the housing crisis, manufacturing towns hit hard by years of plants packing up, land-locked rural areas where young folks oftentimes feel like they've got to leave just to find a job. they're communities that just aren't generating enough jobs anymore. so we put forward new plans to help these communities and their residents because we've watched cities like pittsburgh or my hometown of chicago revamp themselves. if we give more cities the tools to do it, not handouts but a hand up, cities like detroit can do it too. so in a few weeks, we'll announce the first of these promise zones, urban and rural communities where we'll support local efforts focused on a national goa
it will be good for our economy. it will be good for our families. [ applause ] number four, as i alluded to earlier, we still need targeted programs for the communities and workers that have been hit hardest by economic change in the great recession. these communities are no longer limited to the inner city. they're found in neighborhoods hammered by the housing crisis, manufacturing towns hit hard by years of plants packing up, land-locked rural areas where young folks oftentimes feel like...
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Dec 6, 2013
12/13
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south africa had the economy, has the economy that is the greatest economic engine on the african continent and nelson n mandela did not dismantle that economy, he did not force the kind of redistribution of wealth at a pace in which his supporters wanted it to happen, he said now it's time for us to build, not to function as a revolution anymore. >> thanks, john harwood. we appreciate it. now, we are joined on the phone by robert johnson, who is a cnbc contributor, founder of the rlj and former chairman of b.e.t., old friend of mine. robert, you met nelson mandela many times, okay. how many times did you meet him, what are your thoughts tonight as he passes away? >> yeah, i had the great and humbling pleasure of meeting president mandela on a number of occasions, first with the former commerce secretary, late ron brown, and then i also accompanied president clinton on his historic trip to sub-saharan africa and of course when president mandela came to the united states seeking to raise funds to continue to fight apartheid and support his charities. the one thing, larry, that strikes me abo
south africa had the economy, has the economy that is the greatest economic engine on the african continent and nelson n mandela did not dismantle that economy, he did not force the kind of redistribution of wealth at a pace in which his supporters wanted it to happen, he said now it's time for us to build, not to function as a revolution anymore. >> thanks, john harwood. we appreciate it. now, we are joined on the phone by robert johnson, who is a cnbc contributor, founder of the rlj and...
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Dec 2, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swim from td ameritrade. >>> >>> deutsche bank put a price target on marathon citing strong portfolio among other things, it saw excellent fourth quarter refining -- so mpc shares certainly taking a rise. >>> thanks, dom. let's just check the rest of the markets for you
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he...
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Dec 2, 2013
12/13
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FOXNEWSW
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. >> we have put tremendous pressure on the iranian economy and that's why they kaem to the table. >> you take the bot off of the neck. we'll speak with you again. thank you. >> and experts predict a big cyber monday today. if you can't get on line don't worry. >> latest effort to give you more time so you can shop for your kids. >> and i will need. it >> and walked into a dppt store. and stepped on the elevator and told the girl the dry goods floor. ♪ when i got off they come up to me. what can i do for you? time in to check in with gretchen carlsson. >> another key obama care dead line. vice-president biden is in a sia. are dems protecting him for 2016? we'll debate that? and will they say the pledge of allegeiance or not? the city that took heat from veterans who said high school students were too busy to recite it in the school. >> and guy getting cited for disorderly conduct for his story. >> and forget cyber monday. how about a full week of on line discounts. >> it is the latest effort. this after black friday sales dropped to the lowest point in years. here is the ceo of the
. >> we have put tremendous pressure on the iranian economy and that's why they kaem to the table. >> you take the bot off of the neck. we'll speak with you again. thank you. >> and experts predict a big cyber monday today. if you can't get on line don't worry. >> latest effort to give you more time so you can shop for your kids. >> and i will need. it >> and walked into a dppt store. and stepped on the elevator and told the girl the dry goods floor. ♪ when...
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Dec 3, 2013
12/13
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ALJAZAM
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you live in a european society or the post-soviet economy. nothing injunctions. >> pavlo, the generational sense, is there a sense in chicago, is there any distinction, is it really just about the economics and the future or does this harken back in a sense in your community to having that feeling that look, we let moscow control things for a generation, now we want to move to the west, we want to be thought of in a western democratized way? >> well, unfortunately controlled by russia and moscow in particular, has been more than a generation or two. our fates have intertwined for well over 400 years when there's bem domination by russia and certain attempts by the ukrainian nation to revolt against it. what we're seeing today is the most recent revolt against the policies of the kremlin. they are happening osh the streets of kiev, on the streets of chicago, on the streets of new york as well in solidarity for what's happening back in our home land. >> why is there not more attention paid in the united states to this particular conflict? >> as
you live in a european society or the post-soviet economy. nothing injunctions. >> pavlo, the generational sense, is there a sense in chicago, is there any distinction, is it really just about the economics and the future or does this harken back in a sense in your community to having that feeling that look, we let moscow control things for a generation, now we want to move to the west, we want to be thought of in a western democratized way? >> well, unfortunately controlled by...
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the next decade or so thanks in large part to the destruction of labor unions in the private sector economy by the one nine hundred ninety s. there was an average of only thirty five work stoppages every year and in recent years there's hardly been any in two thousand and nine there were just five stoppages and here we are today looking at two in just the last week and this is indicative of a larger trend we've seen over the last two years as not just fast food workers have repeatedly walked off the job along with wal-mart workers but also teachers in chicago poor workers in baltimore truckers in oakland slow but steady we're seeing the reemergence of the confrontational labor class this chart showing massive downfall and large labor actions it's actually trending up. which is what you would expect given the current economic situation in america given the historical in destructive levels of wealth inequality where and as a percentage of g.d.p. corporate profits have never been higher and workers' wages have never been lower and the low wage industry is now becoming the foundation of our new
the next decade or so thanks in large part to the destruction of labor unions in the private sector economy by the one nine hundred ninety s. there was an average of only thirty five work stoppages every year and in recent years there's hardly been any in two thousand and nine there were just five stoppages and here we are today looking at two in just the last week and this is indicative of a larger trend we've seen over the last two years as not just fast food workers have repeatedly walked...
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coming up i'll speak with one activist who wants to democratize our local economies and most show you how wealthy british style it's time to. market why not. find out what's really happening to the global economy with my extremes are the no holds barred look at the global financial headlines kaiser reports on our. did you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy albus. role. in fact the single biggest threat facing our nation today is the corporate takeover of our government and our press seven we've been hijacked why handful of transnational corporations they will profit by destroying what our founding fathers once all just my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem to try rational debate and real discussion critical issues facing there are no ready to join the movement then welcome to the big picture. of the the. with wealth inequality in america an all time high in congressional appro
coming up i'll speak with one activist who wants to democratize our local economies and most show you how wealthy british style it's time to. market why not. find out what's really happening to the global economy with my extremes are the no holds barred look at the global financial headlines kaiser reports on our. did you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy albus. role. in fact the...
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basically a economy without a lot of dynamism. 2% would be okay if we were full employment, economy's potential, somewhere around 2 1/2%. liz: interesting to me we're saying, very thing some people in congress asked for, particularly conservatives, slim down, cut back, they did. you're saying that because of those cutbacks that is the drag on the economy? >> absolutely. i mean in other contexts you could talk about the private sector making up the gap but when we're still so far full employment, so much excess capacity, no one rushes out to invest because the local government laid off school teachers or federal government laid off air traffic controllers. doesn't make any sense. we need the demand in the economy. we're just not getting it. liz: what should we be doing? we've done what one side wanted to do, that is cut back on government jobs. we've done what the democrats wanted to do, the president got a stimulus passed. president bush went through with the tarp and bailed out the auto industry. yet we're not seeing the job growth or unemployment rate at levels we need to see it at.
basically a economy without a lot of dynamism. 2% would be okay if we were full employment, economy's potential, somewhere around 2 1/2%. liz: interesting to me we're saying, very thing some people in congress asked for, particularly conservatives, slim down, cut back, they did. you're saying that because of those cutbacks that is the drag on the economy? >> absolutely. i mean in other contexts you could talk about the private sector making up the gap but when we're still so far full...
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Dec 9, 2013
12/13
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. >> they are causing them to become a perpetual part of the unemployed in our economy and while it seems good, it does a disservice to those who need a help. >> and they said it wasn't part of the necessity of a budget agreement. >> negotiations are moving in the right direction. they haven't closed the deal. but i hope as part of it, the negotiators will take to heart what the president had to say. >> the budget conferree was optimistic. >> the key is not to raise taxes at a time when the economy is still week and i think we can accomplish that over the next couple of days. >> there was an agreement on a defense authorization bill which extends combat bay and a compromise of sexual assault prosecutions and a transfer of some gitmo detainees and a deal of chemical weapons. >> on the defense, the house would go first and then the senate could finish up. a deal could be announced as soon as tomorrow to allow time for votes so the threat of a government shutdown doesn't loom over christmas. >> thank you. >>> lying to a senate could be severeus. the truth about lying to the nsa. >> not even
. >> they are causing them to become a perpetual part of the unemployed in our economy and while it seems good, it does a disservice to those who need a help. >> and they said it wasn't part of the necessity of a budget agreement. >> negotiations are moving in the right direction. they haven't closed the deal. but i hope as part of it, the negotiators will take to heart what the president had to say. >> the budget conferree was optimistic. >> the key is not to...
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Dec 2, 2013
12/13
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has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. avo: thesales event "sis back. drive" which means it's never been easier to get a new 2014 jetta. it gets an impressive 34 highway mpg and comes with no charge scheduled maintenance. and right now you can drive one home for practically just your signature. sign. then drive. get zero due at signing, zero down, zero deposit, and zero first month's payment on any new 2014 volkswagen. hurry, this offer ends december 2nd. for details, visit vwdealer.com today mom? come in here. come in where? welcome to my mom cave. wow. sit down. you need some campbell's chunky soup before today's big game, new chunky cheeseburger. mmm. i love cheeseburgers. i know you do. when did you get this place? when i negotiated your new contract, it was part of the deal. cool. [ male announcer ] campbell's chunky soup. it fills you up right. >>> i've been raped. i've been beaten. i've been rob and stabbed. stabbed in my neck and stabbe
has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. avo: thesales event "sis back. drive" which means it's never been easier to get a new 2014 jetta. it gets an impressive 34 highway mpg and comes with no charge scheduled maintenance. and right now you can drive one home for practically just your signature. sign. then drive. get zero due at signing, zero down, zero deposit,...
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Dec 3, 2013
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in a heating unglobal economy strong numbers. martha: we are spending more money, we have more technology being put into education than ever before so we are doing something wrong and we need to figure out what it is. so what do we do with this information? >> there is a lot to learn from this. you know a very important point. if we are spending more. we are spending more than most of the countries in the world and we don't have enough to show for it. also the point is that radical change is possible. upstarred countries like finland and poland, they turn them around. they are using high standard and high regard for teachers. perhaps most hearting for the u.s. we are told many of these countries turning themselves around are using innovation that started in the u.s. but it's not just ideas, it's many implementation. martha: there are so many factors at play here. we'll talk about it in a good debate coming up. so we ask everybody to stick around. good to see you. bill: fox news alert. minutes from now house speaker john boehner o
in a heating unglobal economy strong numbers. martha: we are spending more money, we have more technology being put into education than ever before so we are doing something wrong and we need to figure out what it is. so what do we do with this information? >> there is a lot to learn from this. you know a very important point. if we are spending more. we are spending more than most of the countries in the world and we don't have enough to show for it. also the point is that radical change...
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Dec 3, 2013
12/13
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KNTV
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>> john yang on the economy from chicago for us tonight. thanks. >>> big story today that came out of last night. jeff bezos, founder and head of amazon.com unveiled what he hopes will be the next big thing. delivery by drones. small package delivery by drone, federal regulations permitting. no one know ifs the idea will fly. no one knows yet if that will fly, but drones have moved in to stay in a lot of places. a lot of places. in war zones overseas they carry hellfire missiles. in studios like this one, hd cameras. along with limitless possibilities. and that, for some, is the problem. janet shamlian is live for us tonight at the amazon warehouse in arizona. janet, good evening. >> reporter: hi, brian. as quickly as the packages are moving through tonight, amazon is making big promises about even faster delivery in the future using drones. the tech giant would seem to have the resource bus some fear safety and privacy. the video had the internet abuzz. the drone buzzing over a field, landing at a customer's home and delivering a package o
>> john yang on the economy from chicago for us tonight. thanks. >>> big story today that came out of last night. jeff bezos, founder and head of amazon.com unveiled what he hopes will be the next big thing. delivery by drones. small package delivery by drone, federal regulations permitting. no one know ifs the idea will fly. no one knows yet if that will fly, but drones have moved in to stay in a lot of places. a lot of places. in war zones overseas they carry hellfire missiles....
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Dec 3, 2013
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we live in an economy that's growing what, 1% a year? the stockmarket needs a lot more than 1% a year to really do well over the long term. it's hard to gain confidence in all this. so what is it? we live in this environment which is i think very hard for young people to get engaged in these financial kind of thinking and financial decisions. we live in an environment where very few people understand what money is. i want to talk to you about what money is. because the federal reserve is painting $85 billion a month. what is that? is that money? how does that affect us? what's involved? so what is that stuff, this paper that we carry around, is this money? what does it represent? why do we use the? where does it come from? so what is money? is this stuff? purchasing power. so this allows me to buy stuff. why is it cool? where did this come from? who invented this? it wasn't the federal reserve it as i said it was only invented in 1913. federal research predicts money a little bit -- what do we do when there was no money? you wanted to ge
we live in an economy that's growing what, 1% a year? the stockmarket needs a lot more than 1% a year to really do well over the long term. it's hard to gain confidence in all this. so what is it? we live in this environment which is i think very hard for young people to get engaged in these financial kind of thinking and financial decisions. we live in an environment where very few people understand what money is. i want to talk to you about what money is. because the federal reserve is...
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economy will global economy continues to grow. cheryl: they can't cut any more. and productivity. >> you will start seeing revenue increases, and the economy as a whole, earnings by cutting and creating more. and increase third quarter gdp is an anomaly, and as a whole you take that and say things wwll get better, more products gets old and services rendered in 2014. cheryl: the bigger question for the markets, we are down a few points. and to make that -- >> a string of economic data don't have a string, one or two data points at best. today's data there's a caveat for each of those points, and because of the thanksgiving holiday associated with that. we are far away from actual tapering, december and january, the problem in january a transition period. and it is where it goes. >> march bite be a little early. they want to telegraph any move, the biggest fool is forward guidance. so you see them talk about capering and talk about capering more and more before they do it so i would expect them to have three or four different fomc minutes, increased likelihood of
economy will global economy continues to grow. cheryl: they can't cut any more. and productivity. >> you will start seeing revenue increases, and the economy as a whole, earnings by cutting and creating more. and increase third quarter gdp is an anomaly, and as a whole you take that and say things wwll get better, more products gets old and services rendered in 2014. cheryl: the bigger question for the markets, we are down a few points. and to make that -- >> a string of economic...
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Dec 2, 2013
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the economy is improving. at the same time, you have a series of fiscal debates coming up between the president and congress and those have not gone well. the president and his team see those as opportunities again to sharpen the difference between what he is trying to do for the country and what republicans and their words are impeding. that may be an opportunity for obama to retain some approval ratings, perception of competence among the public there it it is a rosy scenario and there is a lot between now and then that has to get fixed. the white house will have to rebrand in a way. >> you talk about sharpening the difference between the white house. it is the president and administration having any real relationships and friendships with members of congress e >> not many third president obama will set his former partner in illinois as an ally. nancy pelosi, they think highly of. harry reid, they think highly of. i would not call them personal friendships. it is a fairly shallow relationship in general betw
the economy is improving. at the same time, you have a series of fiscal debates coming up between the president and congress and those have not gone well. the president and his team see those as opportunities again to sharpen the difference between what he is trying to do for the country and what republicans and their words are impeding. that may be an opportunity for obama to retain some approval ratings, perception of competence among the public there it it is a rosy scenario and there is a...
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Dec 9, 2013
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account for a large part of the united states economy. how is the government likely to respond? >> this has a wholly new voice to the privacy debate. i've see advocates and members of that type of the advocates and members have taken a printable stand. we have the companies weighing in. congress doesn't listen. the president is -- congress and does a listen. -- the president is expecting a report. early next year, we will see action on it. said he is tobama get the nsa to impose self- restraint. let's take a listen. >> i will be proposing some tof-restraint on the nsa and initiate some reform to give people were confidence. i wanted everybody to be clear -- the people at the nsa generally are looking out for the safety of the american people and not interested in reading your e-mails and not interested in reading your text messages. >> president obama speaking on hardball. what kind of reforms do you imagine the president is talking about? >> the way he phrases it as self-restraint will not be enough. the nsa internally has privacy rules that it violates on a regular basis. it c
account for a large part of the united states economy. how is the government likely to respond? >> this has a wholly new voice to the privacy debate. i've see advocates and members of that type of the advocates and members have taken a printable stand. we have the companies weighing in. congress doesn't listen. the president is -- congress and does a listen. -- the president is expecting a report. early next year, we will see action on it. said he is tobama get the nsa to impose self-...
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monica: fundamental transformation of the economy. charles: it is what they hate moormore and the hate nothing me than fossil fuel. monica: and capitalism. stuart: wasn't that the name of your book? monica: "what the [bleep] just happened." charles: a lot of birds are going to be saying that. stuart: scott sheller said we would get a pullback. not midday yet, not a pullback yet. we had a split among democrats. you're used to hearing about it, we got that, now the democrats and taxes at the heart of the split. $1.5 trillion in new taxes. some colleagues say that is political suicide. the "wall street journal" weighs in next. so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. stuart: dallas and 127.
monica: fundamental transformation of the economy. charles: it is what they hate moormore and the hate nothing me than fossil fuel. monica: and capitalism. stuart: wasn't that the name of your book? monica: "what the [bleep] just happened." charles: a lot of birds are going to be saying that. stuart: scott sheller said we would get a pullback. not midday yet, not a pullback yet. we had a split among democrats. you're used to hearing about it, we got that, now the democrats and taxes...
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command economies do not produce widespread prosperity. they do not produce fairness, it is the politically connected to win by command. but most importantly, it's unamerican. i know that sounds very strange coming from someone with a voice like this, but i think that america is based on the free choice of individuals. i don't think americans take kindly to being told what to do. commanding wage rates. commanding the i impoverishment the middle class. get off my back. don't tread on me. ♪ mm. mm-h. [ enne revs ] ♪ [ male announcer ] oh what fun it is to ride. get the rcedes-benz your wish list at the winter event going on now -- but hurry, thoffers end december 31st [ sant] ho, ho, ho! [ male announr ] lease the 2014 glk350 f $419 a month at your local mercedes-benz dealer. >> monday morning, and we are still reeling from the latest obamacare headlines. deductibles skyrocket. medicaid will break the bank. well, doug schoen is here on that and he's a centrist democrats and how they'll respond to the obamacare shocks for millions of vote
command economies do not produce widespread prosperity. they do not produce fairness, it is the politically connected to win by command. but most importantly, it's unamerican. i know that sounds very strange coming from someone with a voice like this, but i think that america is based on the free choice of individuals. i don't think americans take kindly to being told what to do. commanding wage rates. commanding the i impoverishment the middle class. get off my back. don't tread on me. ♪ mm....
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Dec 6, 2013
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economies in the u.s. and u.k. improved. and those were, you know, big leaders. >> woodruff: but maybe it wasn't mont to last. >> maybe it wasn't meant to last but just one political historical note. the united states under ronald reagan's leadership was of no help. no help. ronald reagan had a blind spot. he saw the world through the narrow tunnel prism of anti-communism. and when the united states just outraged by apartheid and where the majority of the republican senate passed sanctions, ronald reagan vetoed them against the apartheid regime. and his veto was overridden in the senate and in the house, overwhelmingly, with, i mean people like john warner, dan quayle, the senator from indiana, john stennis, lock time democratic segregationist from mississippi. all voting to overturn. and it was really a time of moral obtuseness on the part of the leadership. >> mark's absolutely right about that. and it was a blind-- a black mark on the reagan administration. i was in south africa i used to ask people, how much do the sanct
economies in the u.s. and u.k. improved. and those were, you know, big leaders. >> woodruff: but maybe it wasn't mont to last. >> maybe it wasn't meant to last but just one political historical note. the united states under ronald reagan's leadership was of no help. no help. ronald reagan had a blind spot. he saw the world through the narrow tunnel prism of anti-communism. and when the united states just outraged by apartheid and where the majority of the republican senate passed...
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the economy is weak and vulnerable. i've said the most vulnerable part of the -- this is fiscal policies and monetary policy is not helping either. and u.s. needs a leadership role. stuart: sandra smith in chicago. >> it's monday. stuart: yes, any bubble talk in chicago, sandra? >> yeah, of course it's been around and charles is saying accurately. if you're going to to get a handful of big economists and money managers who are going to call it. it's a distinction, with what robert schiller is saying here. he's not calling this a bubble. he's saying it looks like a bubble. if it is a bubble it could end very, very badly as far as financials and the technology and stuart-- [inaudible] >> look at that, live television and we just froze right there. and i think she was about to make an important point, too, let's see if we can get back to her. you want to round out her thought? >> no, i know those are more short-term traders and obviously the more you go up, the more anxiety there is, and no doubt about that. the parallels
the economy is weak and vulnerable. i've said the most vulnerable part of the -- this is fiscal policies and monetary policy is not helping either. and u.s. needs a leadership role. stuart: sandra smith in chicago. >> it's monday. stuart: yes, any bubble talk in chicago, sandra? >> yeah, of course it's been around and charles is saying accurately. if you're going to to get a handful of big economists and money managers who are going to call it. it's a distinction, with what robert...
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because it would be pretty being proposed can treat people who want to more freedom want more economy freedom. fuck up again with so in reality you feel that he knew it was a terrorist or a swat with what they don't think. that's a portable off work and came clean to break away from the system so what i want to have like. this is out of field we don't fight it's not enough we want uppercut to rise and get better by the way always. get a mystery media. call it sort of like is sort of like watching history repeat itself as an army thank you thank you so much for the call and thanks for sharing your story tonight cory cory and langhorne pennsylvania cory here on the. i was. in my pretty personal thing in the house and then those a great man did a lot of great things but no one seems to be mentioning that in nine hundred sixty one and downs in the circus around the military group that led on him and against the government and the reasons he did that well let me just pause you for a second just to put this in context for most of his life he preached nonviolence and then yeah. he joined a f
because it would be pretty being proposed can treat people who want to more freedom want more economy freedom. fuck up again with so in reality you feel that he knew it was a terrorist or a swat with what they don't think. that's a portable off work and came clean to break away from the system so what i want to have like. this is out of field we don't fight it's not enough we want uppercut to rise and get better by the way always. get a mystery media. call it sort of like is sort of like...
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Dec 5, 2013
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we'll discuss his pivot from the health care to the economy. and we will talk with new york attorney general eric schneiderman on the multi-million dollar crackdown of jpmorgan and the future of too big to fail. all that when "now" starts right after this. your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >>> how much longer can fast-food ceos hold the line at $7.25? it's thursday december 5th and this is "now." from houston to kansas city, from chicago to indianapolis, memphis to charlotte, pittsburgh to boston and on over to new york city. fast-food work
we'll discuss his pivot from the health care to the economy. and we will talk with new york attorney general eric schneiderman on the multi-million dollar crackdown of jpmorgan and the future of too big to fail. all that when "now" starts right after this. your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better...
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market but probably as the economy froze. >> and, there you go. maybe it is overseas and look who they're competing with overseas. this industry might finally be right-sized. delta, united, now american having consummated mergers that make them what looks like pretty solid. take a look at the stock, not only of those guys but look at the stock today of the new american. ticker symbol aal. no more amr. today that closed up about 3% last i saw. i think that's what it was. that is not a bad day for a first day out of bankruptcy for a new company. at o'hare a lot of people waiting. glad it is not me today. cheryl: now the fun part begins. that is integration and doug parker saying they certainly learned from the mistakes that united and continental made. jeff, you had a front row seat yourself. >> and themselves. david: and overseas. great interview, it was terrific. regulations over there are so much more onerous in many way that is than regulations here. it's a tough deal for airlines. cheryl: funny he said international. david: they will need to go
market but probably as the economy froze. >> and, there you go. maybe it is overseas and look who they're competing with overseas. this industry might finally be right-sized. delta, united, now american having consummated mergers that make them what looks like pretty solid. take a look at the stock, not only of those guys but look at the stock today of the new american. ticker symbol aal. no more amr. today that closed up about 3% last i saw. i think that's what it was. that is not a bad...
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Dec 2, 2013
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i'm going to turn economy because one of the issues that comes up i think for those for folks like you who are the voice of michael this is a microenterprise programs in the u.s. when you talk to policymakers, this question of whether, how valid a strategy is this? how big is this as a sector in our country, and is it really worth focusing on these tiny businesses? you just did some research which looked at the issue of how micro-businesses create the overall economy. can you give us the highlights from that works because yes, thank you, choice. speaking of big, the report is called bigger than you think. the economic impact of micro-business in the u.s., and that study funded by the kellogg foundation points to the enormous impact that is made by micro-businesses. first, 92% of all businesses in this country are micro. 98% of all african-american owned businesses are micro. and nearly 96% of all hispanic businesses in this country are micro. and so we are talking about the majority of businesses in this country. overall, in the aggregate, these businesses create or help to create more
i'm going to turn economy because one of the issues that comes up i think for those for folks like you who are the voice of michael this is a microenterprise programs in the u.s. when you talk to policymakers, this question of whether, how valid a strategy is this? how big is this as a sector in our country, and is it really worth focusing on these tiny businesses? you just did some research which looked at the issue of how micro-businesses create the overall economy. can you give us the...
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. >>> the federal reserve found the economy held steady during the 16-day shutdown. seven of the bank's 12 banking districts found the growth moderate. most will not change its stimulus program when it meets on december 17th. >>> start the presses. "newsweek" is going back into print. paper copies of "newsweek" will begin rolling off the presses next year. "newsweek" stopped publishing print editions a year ago. the magazine's owner ibt media wants the weekly version to be paid for by subscription fees instead of advertising. no word on how much that magazine will cost. >>> well, the super bowl is still two months away but all the ad spots have been sold. that's one month earlier than last month's game. fox sports says one reason is that the super bowl will be played in the new york market. it's estimated that some 30-second spots sold for more than $4 million. >>> and, anne-marie, you have a smartphone, right? maybe a smart tv? how about a smart bra? >> well, it's a concept from microsoft to combat overeating. the smart bra has removable sensors that monitor heart r
. >>> the federal reserve found the economy held steady during the 16-day shutdown. seven of the bank's 12 banking districts found the growth moderate. most will not change its stimulus program when it meets on december 17th. >>> start the presses. "newsweek" is going back into print. paper copies of "newsweek" will begin rolling off the presses next year. "newsweek" stopped publishing print editions a year ago. the magazine's owner ibt media...
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Dec 7, 2013
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it is not a great economy. we're still coming out of a deep downturn. the reason people don't feel that confidence is because we haven't had that much growth. >> i want to give you the final word will. >> where does it go for november? it gives you grid lock. whether you point fingers at shutdowns or regulations, it is what's going on in washington. every time they tie themselves in knots we get a chance at recovery. >> are you being facetious a little bit? >> there is a lot of truth to that. we haven't seen any new bad news and the economy recovers. >> all right. now i get you. thank you both so much. have a great weekend. >>> next, an american teacher gunned down in benghazi, libya. what was he doing? we'll talk to a close friend. then, what has everyone so worked but that the sound of music live? plus, a plane versus 50-mile-per-hour wind gusts. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we i
it is not a great economy. we're still coming out of a deep downturn. the reason people don't feel that confidence is because we haven't had that much growth. >> i want to give you the final word will. >> where does it go for november? it gives you grid lock. whether you point fingers at shutdowns or regulations, it is what's going on in washington. every time they tie themselves in knots we get a chance at recovery. >> are you being facetious a little bit? >> there is a...
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Dec 2, 2013
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number of apprenticeships in cornwall has doubled since 2010, which is helping to create a stronger economy and a fairer society. will the prime minister meet me and a delegation of young people from cornwall to see how we can further promote these very worthwhile schemes? >> i am delighted with the news about the number of apprenticeships in cornwall. the government have made a major financial commitment to funding apprenticeships. that is making a difference, but there is far further to go in tackling youth unemployment and worklessness among people between the ages of 16 and 24. i am always happy to meet with him, perhaps a suitable moment might be when i am in cornwall. >> house prices are going up at a time when real wages are going down. does the prime minister accept that when interest rates go up after the election, it will detonate a sub-prime debt crisis of his making? >> the greatest danger in terms of interest rates would be to have a government who believed in more borrowing, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the
number of apprenticeships in cornwall has doubled since 2010, which is helping to create a stronger economy and a fairer society. will the prime minister meet me and a delegation of young people from cornwall to see how we can further promote these very worthwhile schemes? >> i am delighted with the news about the number of apprenticeships in cornwall. the government have made a major financial commitment to funding apprenticeships. that is making a difference, but there is far further to...
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Dec 5, 2013
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economy. remember, that is what the chancellor has been talking about in the lead up. that's where we've seen the prime minister and his visit to china press on getting money and capital to the real economy. it may be a physically xhushl budget, but how are they going to sustain the growth we've seen in the past pew months? >> helia, thanks for that. >>> the chancellor is due to stand up and give his speech around 11:15 london time, 12:15 cet. we will cover that, as well. that will lead into the bank of england decision, as well. >>> the japanese cabinet has approved a stimulus package worth $182 billion. we have the story from tokyo. >> hi, ross. this massive package is expected to push up the nation's real gdp by around 1%. government spending is to total around $54 billion. $13 billion or 25% of this will be allocated to help improve competitiveness of japanese industries and to strengthen metropolitan functions ahead of the 2020 tokyo olympics. the rest will be spent on things like reconst
economy. remember, that is what the chancellor has been talking about in the lead up. that's where we've seen the prime minister and his visit to china press on getting money and capital to the real economy. it may be a physically xhushl budget, but how are they going to sustain the growth we've seen in the past pew months? >> helia, thanks for that. >>> the chancellor is due to stand up and give his speech around 11:15 london time, 12:15 cet. we will cover that, as well. that...
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Dec 10, 2013
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easing of some of the sanctions that have crippled the iranian economy. things are also looking up for the president-- at least a bit-- with the american people. a cbs news/"new york times" poll out tonight finds 42% of the americans now approve of the job he is doing that. is up five points from the all-time low he hit last month as his administration was trying desperately to fix the obamacare web site. major garrett is at the white house for us tonight. major? >> reporter: scott, senior advisors to the president believe the worst of the health care nightmare is over. and there is some evidence of that. in our survey the president has gained slightly on the health care issue. 41% now approve of the president's handling of the health care. that's up nine points from one month ago. 55% still disapprove of mr. obama's health care performance, but that's down ten points. the health care law remains unpopular, but less so than in our last survey. one month ago, 31% backed obamacare and 61% disapproved. now, 39% say they approve of the law while 50% disapprov
easing of some of the sanctions that have crippled the iranian economy. things are also looking up for the president-- at least a bit-- with the american people. a cbs news/"new york times" poll out tonight finds 42% of the americans now approve of the job he is doing that. is up five points from the all-time low he hit last month as his administration was trying desperately to fix the obamacare web site. major garrett is at the white house for us tonight. major? >> reporter:...
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Dec 4, 2013
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global economy is doing better. next spring we'll have the big test on the economy. what do we do in most of 2014 in terms of gdp? are you going to give me somewhere between two and three? >> touching towards three. we've been averaging 2% four years. 3% is not something if you look back all that exciting. coming from where we've been, it's an important shift up. >> we will be able to orchestrate some type of tapering next year which could imply maybe 3% on a ten year. that's not going to hurt the housing recovery and going toco. i look at i as a balance. we get support from improving global, financial conditions bradley improved. i think you're right. higher interest rates go at the ten year level above 3%. that's going to take out of housing. we're seeing it to some degree. it's a balance between that kind of limitation we're getting and an economy with a lot of other reasons to do it better. >> okay. that sounds pretty good. we'll have an economist on if we have a lousy job friday. we'll have someone explaining why everything was bad the last couple of months. doe
global economy is doing better. next spring we'll have the big test on the economy. what do we do in most of 2014 in terms of gdp? are you going to give me somewhere between two and three? >> touching towards three. we've been averaging 2% four years. 3% is not something if you look back all that exciting. coming from where we've been, it's an important shift up. >> we will be able to orchestrate some type of tapering next year which could imply maybe 3% on a ten year. that's not...
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Dec 10, 2013
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healthcare is a fifth of our new, economy, and it might be difficult or unwise to trust the irs handling obamacare. there will be a lot more of the battle. >> carl, thank you. nice to see you. if you want to remember some of your best experiences, listen up. and not take so much -- so many pictures of yourself. instagraming could mess up your memory. next, what this new study suggests about memory and all those photos that were taken, and, >>> if you're one of those folks at a birthday of wedding snaping photos and uploading them to facebook or instaff gramp you've might want to think again. constantly taking pictures may keep your brain from remembering what really happened. the researchers call it the photo-taking impairment effect. ptie. the study appears in the journal of psychological science. dr. cooper lawrence is a psychologist and joins us now with another study to which i go -- >> ow always roll your eyes at studies. >> this one is dumb. i get it. the idea is we have pictures up here, that my staff and i have taken wheel we were oust doing whatever we were doing. the study says
healthcare is a fifth of our new, economy, and it might be difficult or unwise to trust the irs handling obamacare. there will be a lot more of the battle. >> carl, thank you. nice to see you. if you want to remember some of your best experiences, listen up. and not take so much -- so many pictures of yourself. instagraming could mess up your memory. next, what this new study suggests about memory and all those photos that were taken, and, >>> if you're one of those folks at a...
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economy does well, many of these companies are really fairly independent of their local economy. they're selling products to us, the chinese and the asians. >> do you believe that people panicked and overshot? when the financial market collapse happened and we went to europe and talked about the problems with commerce bank and all these issues, greek debt seeping through like a virus in the banking system, everybody dumped stop stocks. if you look at the volkswagens of the world, a quarter of their sales are maybe in continental europe. they're not really european companies. >> absolutely correct, that's right. >> tobias, your view on that? i want to focus on europe. but also if you don't like europe, who do you like? >> well, we do like the u.s. we do like the uk within europe. our global team, we like e.m. in latin america, we're not that excited. we think it's more asia. even in latin america, it's more mexico over brazil. i'm really talking to our global guys, this is what they do, more of their focus and their work. and by the way, i agree with bruno. i'm looking for the com
economy does well, many of these companies are really fairly independent of their local economy. they're selling products to us, the chinese and the asians. >> do you believe that people panicked and overshot? when the financial market collapse happened and we went to europe and talked about the problems with commerce bank and all these issues, greek debt seeping through like a virus in the banking system, everybody dumped stop stocks. if you look at the volkswagens of the world, a...
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is that because the economy really is booming down there? >> well, we're fortunate to be in texas for one thing, obviously. but it's more than that, it's real execution. and kind of a secret to our success, whatever success we've had, frankly, is finding the right people to execute for you. and we work hard at hiring teams from other competing organizations that can bring their business with them. and that's the organic growth we get. as you said, we haven't bought a financial institution ever. >> so this is one of the things also where you're a local bank for a state and not some out of towner? >> yes. that's exactly right and i think that helps us too. we work hard at being local home fella to be able to do business with people that bank in texas and we've expanded a little bit. you mentioned the mortgage warehouse business and a couple of other national businesses outside the state. but probably about 90% of our business is related -- >> let's talk about what is strong. we heard from one of the most -- biggest stocks today, a retailer mos
is that because the economy really is booming down there? >> well, we're fortunate to be in texas for one thing, obviously. but it's more than that, it's real execution. and kind of a secret to our success, whatever success we've had, frankly, is finding the right people to execute for you. and we work hard at hiring teams from other competing organizations that can bring their business with them. and that's the organic growth we get. as you said, we haven't bought a financial institution...
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>> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you talk about the fact valuations in several areas were stretched now here we are 16,035 or thereabouts). now the economy is picking up, the market still above 16,000 the pullback with friday's big again. what about the valuations as you see them today? >> they were the triple digit nasdaq companies, some of which are still fairly expensive. the market overall i don't think you can power the table and say it is cheap anymore, but it is not expensive relative to my other choices. so dependent on the u.s. and global economy that does somewhat bett
>> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you...
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Dec 10, 2013
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but germany's economy is doing better. he's going to weigh a few things up. >> this is where at the end of the day, we all know that it's a political will to keep the european project live. to keep that live, we need to see a strong part towards monetary and fiscal union. this has gone far too far for most people's liking. if something coming up in the next 12, 18 months, it's going to be very, very difficult. and unfortunately france being the second biggest economy is potentially going to be -- next year if things don't start improving. >> we saw quite a bit of institutional flow out of the u.s. and into europe. is that the right move? and is that -- what would you favor, european equities over the u.s. or not? >> in the very short-term, we favor the u.s. because momentum is there. that's where the source is and i think you try and stay close to the source of the qe. european markets last week hit a bit on of a speed bump in the road. and the technical momentum picture of the european markets, france in particular, actua
but germany's economy is doing better. he's going to weigh a few things up. >> this is where at the end of the day, we all know that it's a political will to keep the european project live. to keep that live, we need to see a strong part towards monetary and fiscal union. this has gone far too far for most people's liking. if something coming up in the next 12, 18 months, it's going to be very, very difficult. and unfortunately france being the second biggest economy is potentially going...